Part let to Salvation Army Trading Company until 2026
Part let to British Heart Foundation on a new renewed lease
Prominent Pedestrianised Location
Nearby occupiers include McDonalds's, EE, Specsavers, KFC, Halifax, Savers and Holland & Barrett
Future redevelopment potential
Lot 20
Auction 11th February 2021
Rent £42,000 per Annum Exclusive
Status Sold
Price £390,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
33 miles south-west of London
9 miles west of Guildford
20 miles south-east of Reading
Roads
A31, M3, M25, M4
Rail
Aldershot Rail
Air
London Heathrow, London Gatwick,
Situation
Aldershot is a popular London commuter town, with strong communication links via the M3 and M25, and benefits from its substantial military base. The property is prominently situated on the north side of the pedestrianised Union Street, close to the Wellington Shopping Centre which houses occupiers including WH Smith, Lidl, Boots, Wilko and Sports Direct. Other nearby occupiers include McDonalds's, EE, Specsavers, KFC, Halifax, Savers and Holland & Barrett.
Tenure
Freehold.
Location
Miles
33 miles south-west of London
9 miles west of Guildford
20 miles south-east of Reading
Roads
A31, M3, M25, M4
Rail
Aldershot Rail
Air
London Heathrow, London Gatwick,
Situation
Aldershot is a popular London commuter town, with strong communication links via the M3 and M25, and benefits from its substantial military base. The property is prominently situated on the north side of the pedestrianised Union Street, close to the Wellington Shopping Centre which houses occupiers including WH Smith, Lidl, Boots, Wilko and Sports Direct. Other nearby occupiers include McDonalds's, EE, Specsavers, KFC, Halifax, Savers and Holland & Barrett.
Tenure
Freehold.
Description
The property comprises two ground floor retail units both with first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to Rushmoor Council (www.rushmoor.gov.uk)
Completion Period
Six Week Completion
EPC
Bands E & D. See legal pack at www.acuitus.co.uk
Description
The property comprises two ground floor retail units both with first floor ancillary accommodation.
VAT
VAT is applicable to this lot.
Planning
The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to Rushmoor Council (www.rushmoor.gov.uk)
Completion Period
Six Week Completion
EPC
Bands E & D. See legal pack at www.acuitus.co.uk
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
(Reversion)
No. 28
Ground First
Retail Ancillary
147.23 sq m 24.10 sq m
(1,585 sq ft) (259 sq ft)
SALVATION ARMY TRADING COMPANY LIMITED (1)
10 years from 09/03/2016 (2)
£22,000
(08/03/2026)
No. 28
Ground Retail
Retail Ancillary
157.58 sq m
(1,696 sq ft)
BRITISH HEART FOUNDATION (3)
5 years from 7/10/2020 (4)
£20,000 (5)
(06/10/2025) (4)
Totals
328.91 sq m
(3,540 sq ft)
£42,000
(1) For the year ending 31st March 2019, Salvation Army Trading Company Limited reported a turnover of £54,317,884, a pre-tax profit of £6,753,953 and shareholders funds of £17,291,528 (Source: NorthRow 14/01/2021). (2) The option to determine on 09/03/2021 has NOT been exercised in exchange for 6 months rent free from March 2021. The Seller will top up the rent, so the purchaser will effectively receive £22,000 per annum from completion of the sale. (3) British Heart Foundation trade from 750 shops nationwide (Source: www.bhf.org.uk) (4) Tenant option to determine at the end of years 3 & 4 upon 6 months notice (5) Rent rebased from £30,000 per annum
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
